Lecap Asset Management Ltd. Buys New Shares in Brunswick Co. (NYSE:BC)

Lecap Asset Management Ltd. purchased a new position in Brunswick Co. (NYSE:BC) in the second quarter, HoldingsChannel.com reports. The firm purchased 6,260 shares of the company’s stock, valued at approximately $456,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in Brunswick in the 4th quarter worth $28,000. Johnson Financial Group Inc. purchased a new position in Brunswick in the 4th quarter worth approximately $30,000. Rise Advisors LLC boosted its stake in Brunswick by 249.5% in the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 232 shares during the period. SRS Capital Advisors Inc. grew its holdings in Brunswick by 347.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock valued at $42,000 after buying an additional 337 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Brunswick by 43,700.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after buying an additional 437 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 358 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $81.34, for a total transaction of $29,119.72. Following the completion of the transaction, the director now directly owns 23,877 shares in the company, valued at $1,942,155.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BC has been the subject of several research analyst reports. Jefferies Financial Group restated a “hold” rating and set a $70.00 price target (down previously from $115.00) on shares of Brunswick in a report on Friday, July 26th. Robert W. Baird reduced their price target on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. JPMorgan Chase & Co. lowered their price target on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Stifel Nicolaus reduced their target price on shares of Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a report on Friday, July 12th. Finally, Morgan Stanley decreased their price objective on Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.21.

Brunswick Stock Performance

Shares of BC traded down $0.55 during trading hours on Thursday, hitting $76.64. The stock had a trading volume of 29,106 shares, compared to its average volume of 748,281. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 14.35 and a beta of 1.52. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.75 and a current ratio of 1.70. The firm has a 50-day moving average price of $75.34 and a 200 day moving average price of $82.05. Brunswick Co. has a fifty-two week low of $66.47 and a fifty-two week high of $99.68.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, July 25th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.10). Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the company earned $2.35 earnings per share. The company’s revenue was down 15.2% compared to the same quarter last year. As a group, research analysts anticipate that Brunswick Co. will post 5.59 EPS for the current year.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.19%. Brunswick’s dividend payout ratio (DPR) is 31.23%.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.